Section 49 of Negotiable Instruments Act - Conversion of indorsement in blank into indorsement in full

Section 49 Negotiable Instruments Act Description

The holder of a negotiable instrument indorsed in blank may, without signing his own name, by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank into an indorsement in full; and the holder does not thereby incur the responsibility of an indorser.

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